https://www.taxtmi.com/caselaws?id=306594 The High Court of Calcutta addressed the penalty imposition of Rs.43,56,900 on an Appellant Foundation for alleged concealment of income or furnishing inaccurate particulars for the assessment year 2011-12 under section 271(1)(c) of the Income Tax Act, 1961. The Court examined whether the Tribunal erred in upholding the penalty and evaluated the legal soundness of its decision. Ultimately, the Court directed the preparation of Paper Books for further proceedings, emphasizing the importance of a comprehensive review of facts and legal provisions in assessing the correctness of the penalty imposition. en-us Wed, 26 Aug 2015 00:00:00 +0530 Fri, 10 Feb 2023 17:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306594 The High Court of Calcutta addressed the penalty imposition of Rs.43,56,900 on an Appellant Foundation for alleged concealment of income or furnishing inaccurate particulars for the assessment year 2011-12 under section 271(1)(c) of the Income Tax Act, 1961. The Court examined whether the Tribunal erred in upholding the penalty and evaluated the legal soundness of its decision. Ultimately, the Court directed the preparation of Paper Books for further proceedings, emphasizing the importance of a comprehensive review of facts and legal provisions in assessing the correctness of the penalty imposition. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306594